Lawmakers Back Soludo Amid N19.6bn Market Loss

Members of the Anambra State House of Assembly have thrown their weight behind Governor Chukwuma Soludo following reports of a N19.6 billion loss suffered by traders after a devastating market incident in the state.

The lawmakers, who spoke after a plenary session, described the incident as a tragic setback for the state’s economy but commended the governor’s swift response and commitment to rebuilding affected markets. They noted that the administration had already begun consultations with traders’ associations and relevant agencies to assess damages and provide relief.

According to the Assembly, preliminary findings indicated that the losses were largely due to factors beyond the control of the state government, including safety lapses and structural vulnerabilities common in many commercial hubs. The lawmakers stressed that blaming the government would not restore livelihoods, urging collective action instead.

Governor Soludo has directed relevant ministries to fast-track plans for safer, modern market infrastructure while exploring financial support options for affected traders. The Assembly said it would work closely with the executive to ensure that relief measures are transparent and timely.

READ ALSO: Scientists Uncover Sleep’s Role in Preventing Alzheimer’s

Traders affected by the incident have appealed for urgent assistance, calling for soft loans, grants, and tax relief to help them restart their businesses. Many warned that prolonged delays could worsen unemployment and economic hardship in the state.

Lawmakers also used the opportunity to call for stricter enforcement of safety standards in markets across Anambra, including fire prevention measures and building regulations. They pledged to review existing laws to strengthen compliance and reduce future risks.

The Assembly maintained that the incident should serve as a turning point for comprehensive market reforms aimed at protecting traders and sustaining economic growth in the state.